Gulfport Energy Corporation
(Nasdaq: GPOR) ("Gulfport") today announced that it proposes to offer, subject
to market conditions and other factors, $250 million aggregate principal
amount of senior notes due 2020 (the "Notes") to qualified institutional
buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the
"Securities Act"), and to certain non-U.S. persons in accordance with
Regulation S under the Securities Act. Gulfport expects to use the net
proceeds of the offering to repay Gulfport's outstanding indebtedness under
its senior secured revolving credit facility and for general corporate
purposes, including the funding of a portion of its 2012 and 2013 capital
development plans.